Medicinal Genomics Seeks to Put Cannabis on the Blockchain
Is it possible to put cannabis on the blockchain? With one company, that’s exactly what’s taking place. Motherboard reports that Medicinal Genomics is creating a registered list of all cannabis genomes to be stored on the bitcoin blockchain. The purpose is to take any confusion out of marijuana purchases; MG wants to make sure every customer receives the strain they’ve set out to purchase, as each type can have varying effects on patients. “The Bitcoin blockchain has been going since 2009, and its security is in its proof of work,” says CSO of MG Kevin McKernan. “If, for any reason, we....
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A dozen medicinal cannabis cultivators and processors have partnered with Medicinal Genomics to record and track the genetics of cannabis strains on the Bitcoin blockchain to ensure product consistency and quality. Cannabis Strains on the Bitcoin Blockchain. Medicinal Genomics (MGC) is no stranger to Bitcoin. They have logged thousand of cannabis strains....
Medicinal Genomics, which registers marijuana strains on the blockchain, has set off a race among growers to sequence and register their strains, according to Motherboard. Medicinal Genomics’ goal is to standardize strain nomenclature so that customers can know what they’re getting when they buy medical marijuana, while also defending the intellectual property rights of those who breed new cannabis strains. In addition to testing plants to check for microbial contamination and determine cannabinoid content to help cultivators meet state regulations, Medicinal Genomics also provides growers....
With marijuana legalized in most of the US states, weed farmers are getting their strains tested with Medicinal Genomics and getting the results added to a blockchain registry. The use of blockchain technology in intellectual property rights management is a well-known application. There are plenty of startups and established companies working on creating platforms for patents and copyrights management using distributed ledger technology. While the cryptocurrency platforms anticipated the music and film industry to be their leading customer, marijuana growers in the United States have....
A molecular information company called Medicinal Genomics (MCG) has partnered with 12 cannabis processors and cultivators to develop genomics-based safety and quality standards, and they are using the bitcoin blockchain to track DNA sequencing cannabis strains. Inconsistent Strains Pose Challenge. The lack of consistent cannabis strains from the same grower can pose medical challenges for patients since even slight changes in a plant’s genetics can impact the strain’s effectiveness. Many patients require a specific cannabis strain for effective treatment. When plant genetics vary, patients....
Bitcoinist spoke with CSO and Founder Kevin McKernan, whose company Medicinal Genomics has successfully put cannabis strains on the Bitcoin Blockchain. He explains how strains are actually traced, why his company chose Bitcoin, and why he believes Bitcoin is currently “too slow” if not “useless” for cannabis dispensaries as a currency. Kevin McKernan: ‘Bitcoin is a Battery of Trust’. Bitcoinist: First, how do you actually put “strains on the Bitcoin blockchain”? Kevin McKernan (KM): We take the sequence files (VCF or variant call format) and run SHASUM on the files to generate a SHA-256....